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DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Assets:            
Deferred policy acquisition costs and value of business acquired $ 3,188,391     $ 3,188,391   $ 3,223,220 [1]
Total Assets 54,015,032     54,015,032   52,003,183 [1]
Liabilities:            
Deferred income taxes 1,454,008     1,454,008   1,293,996 [1]
Total liabilities 48,742,099     48,742,099   47,125,833 [1]
Equity:            
Retained earnings 2,516,776     2,516,776   2,456,293 [1]
Accumulated other comprehensive income (loss):            
Net unrealized gain (losses) on investments, net of income tax 1,423,922     1,423,922   1,096,079 [1]
Total Equity 5,272,933 [1] 4,900,919 [1]   5,272,933 [1]   4,877,350 [1]
Total liabilities and shareowner's equity 54,015,032     54,015,032   52,003,183 [1]
Expenses:            
Amortization of deferred policy acquisition costs and value of business acquired 64,150   61,712 [1] 117,837 122,514 [1]  
Other operating expenses 120,410   115,852 [1] 240,401 226,875 [1]  
Total benefits and expenses 749,974   726,214 [1] 1,510,661 1,431,899 [1]  
Income before income tax 117,065   140,161 [1] 258,133 235,503 [1]  
Income tax (benefit) expense 35,438   48,557 [1] 80,650 81,780 [1]  
Net income 81,627 [1] 95,856 [1] 91,604 [1] 177,483 153,723 [1]  
Cash flows from operating activities            
Net income 81,627 [1] 95,856 [1] 91,604 [1] 177,483 153,723 [1]  
Amortization of deferred policy acquisition costs and value of business acquired 64,150   61,712 [1] 117,837 122,514 [1]  
Capitalization of deferred policy acquisition costs       (130,571) (207,611) [1]  
Deferred income tax       (36,558) 57,303 [1]  
Other, net       58,767 58,339 [1]  
Change to net cash (used in) provided by operating activities         184,268  
Balances and changes in DAC            
Balance, beginning of period   2,195,080   2,195,080 2,095,157 2,095,157
Capitalization of commissions, sales and issue expenses       137,141   355,900
Amortization       (92,225)   (200,128)
Change in unrealized investment gains and losses       (25,819)   (55,849)
Balance, end of period 2,214,177     2,214,177   2,195,080
Balances and changes in VOBA            
Balance, beginning of period   1,028,140   1,028,140 968,253 968,253
Acquisitions           137,418
Amortization       (32,177)   (66,163)
Change in unrealized gains and losses       (21,749)   (21,907)
Other           10,539
Balance, end of period 974,214     974,214   1,028,140
As originally reported
           
Assets:            
Deferred policy acquisition costs and value of business acquired           4,011,936
Total Assets           52,791,899
Liabilities:            
Deferred income taxes           1,573,764
Total liabilities           47,405,601
Equity:            
Retained earnings           2,984,466
Accumulated other comprehensive income (loss):            
Net unrealized gain (losses) on investments, net of income tax           1,076,854
Total Equity           5,386,298
Total liabilities and shareowner's equity           52,791,899
Expenses:            
Amortization of deferred policy acquisition costs and value of business acquired     75,682   145,621  
Other operating expenses     93,448   181,953  
Total benefits and expenses     717,780   1,410,084  
Income before income tax     148,595   257,318  
Income tax (benefit) expense     51,546   89,511  
Net income     97,049   167,807  
Cash flows from operating activities            
Net income     97,049   167,807  
Amortization of deferred policy acquisition costs and value of business acquired     75,682   145,621  
Capitalization of deferred policy acquisition costs         (247,076)  
Deferred income tax         63,123  
Other, net         54,793  
Change to net cash (used in) provided by operating activities         184,268  
ASU No. 2010-26 | Effect of Change
           
Assets:            
Deferred policy acquisition costs and value of business acquired           (788,716)
Total Assets           (788,716)
Liabilities:            
Deferred income taxes           (279,768)
Total liabilities           (279,768)
Equity:            
Retained earnings           (528,173)
Accumulated other comprehensive income (loss):            
Net unrealized gain (losses) on investments, net of income tax           19,225
Total Equity           (508,948)
Total liabilities and shareowner's equity           (788,716)
Expenses:            
Amortization of deferred policy acquisition costs and value of business acquired     (13,970)   (23,107)  
Other operating expenses     22,404   44,922  
Total benefits and expenses     8,434   21,815  
Income before income tax     (8,434)   (21,815)  
Income tax (benefit) expense     (2,989)   (7,731)  
Net income     (5,445)   (14,084)  
Cash flows from operating activities            
Net income     (5,445)   (14,084)  
Amortization of deferred policy acquisition costs and value of business acquired     (13,970)   (23,107)  
Capitalization of deferred policy acquisition costs         39,465  
Deferred income tax         (5,820)  
Other, net         $ 3,546  
[1] Recast from previously reported information